I believe that the bonus structure should be paid no matter what. If specials are given why should that affect property Managers, Leasing Agents, or Assistant Managers. I am a Regional Manager & I am a firm believer that employees should be compensated, they work hard to lease units and meat deadlines.

With my current company, I am Senior Leasing Professional/Leasing Manager. Our company does not pay commissions and the bonus structure is capped out at $300/month. We do get a higher pay rate to make up for no commissions so that is a silver lining I suppose? The property I am at is 15 years old and it shows as there have been no updates since we were built. I have not seen a bonus since probably sometime in the middle of 2018.

After reading these replies and talking with my friends who are leasing agents in the same city I am in and they are getting paid $1/hr. less than me all of a sudden my $33,280/yr. does not make me feel motivated to stay especially since I have been with this company for 2 years especially since they make commissions as well.

On my own experience working for 3 different big multifamily company. Bonuses definitely depends on the budget of the property. However, I have worked 20+ properties remotely on different cities. I could say big city such as Seattle offers great pay and leasing/renewal bonuses. $150-$200/lease, same as to lease-ups. Renewals are $100-$150

Smaller cities rental bonuses $50-$85
Renewals can vary between $50-100

As an assistant manager, I never received NOI or delinquency bonuses. But If employees are paid well, they will not leave. So pay them well.

We get $175 - $1000 depending on the unit, $1000 being the penthouses. And $500 for every renewal.

We are a luxury community in Bethesda, MD so our may be a little higher than most.

Leasing Bonus for all props---Flat fee of $200 for all leases 10 months or longer,$150 for 6-9 months and $100 for 1-6 months. $0 for Transfers as they are added to renewal pool.

Renewal Bonuses for all props—Flat fee of $150 per renewal for all renewals 10 months or longer, $75 for 4 to 9 months if applicable. $50 paid for each transfer that occurs after the lease is up. Transfers would be added to the renewal pool. Spread equally among all team members.

Delinquency Bonus for all props—Up to $250 per month based on performance. Overall responsibility for collections/delinquency performance will rest with the Property Manager. This will go to whoever PM designates with Regional Manager approval.

These are all great ideas and right in line with my proposal. I really liked the basic bonus for a new lease with an added bonus if the resident moves in within 7 days of vacancy. The same could be done with lease renewals.

In our market, there is a 60-day notice to vacate required, so I expect all leases for renewals to be signed by that date with leases beginning when the old one ends. Waiting until the last week before their lease expires to have them sign a new lease is giving tenants an out to give a 30-day notice and us less time to pre-lease it.

I want the renewal bonus to be given if the leases are signed 60-days before expiration, not whenever the manager can get the resident to sign it. If they don't sign by this date, we can give them notice of month to month rates beginning when their lease expires.

I also am proposing a bonus with 2% or less rent-only delinquency either monthly or for 3 consecutive months.

Total bonuses that could potentially be earned is $6,000 annually with a possible year-end bonus.

Thanks everyone!